Recently, the GBP/USD part has been trading upwards. As I expected, the price tested the level of 1.3337. According to the 30M time - frame, I found a successful test of pivot level at the price of 1.3288, which is a sign that selling looks risky. I also found oversold conditions on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward targets are set at the price of 1.3363 (pivot resistance 1) and the price of 1.3400 (pivot resistance 2).
Resistance levels:
R1: 1.3364
R2: 1.3400
R3: 1.3480
Support levels:
S1: 1.3247
S2: 1.3170
S3: 1.3130
Trading recommendations for today: watch for potential buying opportunities.
